Ink Solvent Market is used on a large scale for commercial, industrial and household printing purpose. The most widely used solvents for manufacturing inks are methylated spirits, ethyl acetate, isopropanol, and n-propyl acetate. It is known for its inexpensive nature, high efficiency, quick evaporation rate, and non-coating properties and these are the important factors which are promoting the market positively. It is used in numerous printer machines such as Roland SOLJET Pro 4 XR-640, FY3208H Solvent Flex printer owing to its high speed of production and fast drying nature. Due to these factors, they are used in various applications such as packaging, corrugated, publication, and others.

A few years back, alcohol was mainly used in the printing machines. It was mainly used to reduce the surface tension and impart corrosion resistance action to machines. Moreover, its high cost, toxic characteristics, lower control of conductivity, and other features are hampered its market growth over the assessment period. It is projected that the green & bio-based segment is set to grow at a significant rate owing to its extraordinary features such as recyclability, low miscibility, higher boiling point, and others. Due to these factors, manufacturers have shifted their focus from conventional products to eco-friendly solvents in end-use industries such as paints & coatings, construction, and others. The market by the process is classified further into flexographic and gravure. In these segments, flexographic is leading the process segment in the market on account of its high volume of production, inexpensive nature and can be reused also. The market by application is segregated into packaging, corrugated, publication.

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Key Players and Competition Analysis

Some of the prominent players operating in the Global Ink Solvent Market are Arkema S.A. (France), Ashland (U.S.), BASF SE (Germany), Celanese Corporation (U.S.), The Dow Chemical Company (U.S.), Eastman Chemical Company (U.S.), Evonik Industries AG (Germany), INEOS (U.K.), OMNOVA Solutions Inc (U.S.), and Royal Dutch Shell plc (the Netherlands) among others.

Segmentation Analysis

The Global Ink Solvent Market is segmented into the chemistry type, product type, process, and application. On the basis of the chemistry type, the market is segregated into alcohols, acetates, and hydrocarbons segments. The market by product type is sub-divided into conventional, green & bio-based segments. The market by the process is classified as flexographic and gravure segments. The market by application is bifurcated into packaging, corrugated, publication.

Regional Analysis

The Ink Solvent Market is segmented across five regions: Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa. Among these, Asia Pacific holds a major share of the market due to the growing consumption of the product in packaging, corrugated, publication, and others. The increasing demand for packet food from packaging sector and growing research & development activities in end-use industries has propelled the region to witness a higher growth over the assessment period. Countries such as China, Japan, and India are the major players in this market.

The North America region is growing significantly in the market due to increasing mergers & acquisitions of Ink Solvent product among the major companies. It is predicted that growing investments in the end-use industries is likely to drive the market in the region during the forecast period. The growing consumption of Ink-Solvent in packaging sector has propelled countries such as the U.S., Canada, and Mexico to achieve a stunning growth in the market as they provide excellent flexibility, stability and low maintenance to the product.

Browse the market data and information spread across 138 pages with 59 data tables and 15 figures of the report “Ink Solvent Market Research Report- Forecast to 2023” in-depth alongside table of content (TOC) at: https://www.marketresearchfuture.com/reports/ink-solvent-market-5123

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